Plastics to Oil - Pyrolysis and Secret Catalysts and Alterna Message Board

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Pastimes : Plastics to Oil - Pyrolysis and Secret Catalysts and Alterna

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To: scion who wrote (1518)	6/8/2011 10:06:49 AM
From: SteveF	Read Replies (3) of 53574

*"I am not allowed to change the price of stock once it is drafted and distributed in a private placement memorandum"* - CEO John Bordynuik's Facebook page (Dec 2009) But what stops him from consummating an underpriced PIPE early, changing the price in the "private placement memorandum" and distributing it as a new offering? Honest John just cost his shareholders about $10 mill in equity by letting 6.5 mill shares go at a 77% discount to market. siliconinvestor.com John Bordynuik: I am not allowed to comment on the PIPE. I can state (as stated in the PR) that shareholders have not been diluted as a result of financing. As well, I am not allowed to change the price of stock once it is drafted and distributed in a private placement memorandum December 21, 2009 at 12:14am

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